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Agricultural machinery leasing project continuing www.montsame.mn
Ulaanbaatar /MONTSAME/ The Ministry of Food, Agriculture and Light Industry has organized purchasing of agricultural machinery and irrigation equipment with a soft loan of USD 24.5 million from the Chinese Government.
Moreover, the Ministry of Food, Agriculture and Light Industry in cooperation with the Development Bank of Mongolia is working on implementing a project ‘Leasing of agricultural machinery’. In the scope of the project, talks are undergoing to receive soft loan from correspondent Banks of Russian Federation, Federal Republic of Germany and Belarus to purchase agricultural machinery made in those countries.
The work on providing 544 potato and vegetable processing machines of 11 types to Mongolia is being carried out in the scope of the Project on Increasing Vegetable Production and Developing Value Chain, with the soft loan of the Polish Government worth USD 3.2 million.
Moreover, 15 machines for potato farming have been purchased with MNT 334 million from state budget and they are being leased to farmers with the term of five years if they make advance payment of 20 percent.
E.Altanzul
Published Date:2018-07-31
